{"id":9586,"date":"2009-01-08T00:00:00","date_gmt":"2009-01-08T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bank-safdie-dodges-madoff-loss-predicts-more-hedge-fund-rules","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2009\/bank-safdie-dodges-madoff-loss-predicts-more-hedge-fund-rules.html","title":{"rendered":"Bank Safdie Dodges Madoff Loss, Predicts More Hedge Fund Rules"},"content":{"rendered":"<p>Bloomberg &#8211; Banque Safdie SA, the Geneva-based wealth manager that withdrew money invested with Bernard Madoff three years before his alleged Ponzi scheme unraveled, said the scandal will mean more hedge fund regulation. <\/p>\n<p>&ldquo;What Madoff has done is highlight the lack of regulation,&rdquo; Safdie Chief Executive Officer Claude Le Ber said in an interview from Geneva this week. &ldquo;There&rsquo;s going to be a shake out. Even before Madoff, the hedge fund industry was seeing redemptions and wasn&rsquo;t producing absolute returns.&rdquo; <\/p>\n<p><strong><a title=\"Read Complete Article\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;refer=home&#038;sid=ajgACQSZf2pw\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Banque Safdie SA, the Geneva-based wealth manager that withdrew money invested with Bernard Madoff three years before his alleged Ponzi scheme unraveled, said the scandal will mean more hedge fund regulation. &ldquo;What Madoff has done is highlight the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1570,574,5403,5408,4331,64,5390,5405,956,3594,5402,4248,4325,4648,5404,1034,5407,5406,4292],"class_list":["post-9586","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-1-billion","tag-absolute-returns","tag-banque-safdie","tag-benedict","tag-bernard-madoff","tag-bloomberg","tag-chief-executive-officer","tag-credit-suisse-group","tag-credit-suisse","tag-group-ag","tag-notz-stucki","tag-ponzi-scheme","tag-redemptions","tag-swiss-bank","tag-swiss-private-banks","tag-swiss-francs","tag-union-bancaire-privee","tag-wealth-manager","tag-withdrawals"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9586"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9586\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}